IDBI Capital: Amara Raja Batteries Q2 Review - Strong Beat On All Fronts; Outlook Positive
Amara Raja Batteries Ltd. (image: Company website).

IDBI Capital: Amara Raja Batteries Q2 Review - Strong Beat On All Fronts; Outlook Positive

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Amara Raja Batteries Ltd.’s Q2 FY21 result was a strong beat on all fronts.

Its top-line /Ebitda were 23%/45% higher than our estimates. Amara Raja’s sales increased by 14.2% YoY to Rs 19,355 million led by improvement across segments.

Ebitda increased 16.4% YoY to Rs 3,402 million and Ebitda margin improved 33 basis points YoY to 17.6%.

However, sharp fall in other income and higher tax expense resulted in 8.0% YoY fall in net income to Rs 2 billion.

Click on the attachment to read the full report:

IDBI Capital Amara Raja Batteries Q2FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.